The global long term post-acute care software market was valued at around US$ 3,895.56 Million at the end of 2021. The market is projected to register a 11.3% CAGR and top a valuation of US$ 12,647.85 Million by 2032.
The market for long term post-acute software is anticipated to be driven by the factors such as growing prevalence of chronic disorders and increasing government’s healthcare reforms measures.
Long Term Care (LTC) patients consist of geriatric people that need constant monitoring of healthcare conditions. These patients require post-acute care monitoring. In any location where healthcare is provided, this kind of software aids in maintaining or storing data regarding patient health information related to therapy or after treatment.
Data on patient demographics, medical history, historical issues, prescriptions taken, progress notes, recurring issues, vital signs, immunisation history, laboratory results, and radiology reports are all maintained with the aid of long-term post-acute care software.
The workflow of the physician is automated and made more efficient by using the long-term post-acute care software. In addition to other care-related tasks, evidence-based decision support, quality management, and outcomes reporting, this kind of long-term post-acute care software aids in the generation of complete records of patients' treatment journeys in clinical settings.
| Attributes | Details |
|---|---|
| Long Term Post-Acute Care Software Market Value in 2021 | US$ 3,895.56 Million |
| Long Term Post-Acute Care Software Market Value in 2032 | US$ 12,647.85 Million |
| Long Term Post-Acute Care Software Market CAGR (2022 to 2032) | 11.3% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The market for long term post-acute care software is expanding significantly as a result of increasing geriatric population worldwide. For instance, according to data from the World Health Organization, there will be 1.4 billion individuals over the age of 60 worldwide by the year 2030, and 2.4 billion by the year 2050. The market is anticipated to increase rapidly in the next years as elderly people require more care.
Moreover, improving government policies and acts, such as the Health Information Technology for Economic and Clinical
Health Act (HITECH), which helps improving healthcare quality, management, safety, including the (EHRs) electronic health records and a secure electronic health information exchange is supposed to stimulate the market growth over the forecast duration.
The long term post-acute care software market is broadly divided into seven major regions, North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
North America dominated the regional long term post-acute care software market due to increasing healthcare expenditure in region such as USA and Canada for advanced and effective long term post-acute care software in supposed to accelerate the market in this region.
Long-term post-acute care software usage in North America is also being boosted by the expanding use of cloud-based solutions and remote patient monitoring in the healthcare industry. Along with this, the industry is also being driven by the USA government's multiple measures to improve healthcare facilities for the senior population through the Medicare and Medicaid systems. Additionally, a number of significant regional businesses are concentrating on software modernization by implementing AI-based solutions for delivering individualised care services.
Principal Consultant
Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, Cerner Corporation, McKesson Corporation, Omnicare, Omnicell, Inc., MatrixCare, Optimus EMR, Netsmart Technologies, PointClickCare, CVS Health, and ResMed
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 11.3% 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2012 to 2021 |
| Forecast Period | 2022 to 2032 |
| Qualitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segment Covered |
Product Type, Application, End-User, Region |
| Region Covered |
North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Mexico, Argentina, Germany, United Kingdom, France, Spain, Italy, Russia, BENELUX, China, Japan, South Korea, India, Malaysia, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, North Africa, Turkey |
| Key Players |
Allscripts Healthcare Solutions, Inc.; Epic Systems Corporation; Cerner Corporation; McKesson Corporation; Omnicare; Omnicell, Inc.; MatrixCare; Optimus EMR; Netsmart Technologies; PointClickCare.; CVS Health; ResMed |
| Customization | Available Upon Request |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The global long term post-acute care software market is anticipated to register a CAGR of 11.3% during the forecast period.
Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, Cerner Corporation, McKesson Corporation, Omnicare, Omnicell, Inc., MatrixCare, Optimus EMR, Netsmart Technologies, PointClickCare, CVS Health, and ResMed, among others are some prominent long term post-acute care software market players.
Explore Healthcare Insights
View Reports
Long Term Post-Acute Care Software Market
